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SPLOST revenues exceed projections in first year
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With nearly $30 million in revenues collected in the first year of a special purpose local option sales tax, Hall County officials said they remain conservative with their spending of the funds. The $29.9 million figure marks a 4.27 percent increase above projections, or $1.2 million more than anticipated, according to an analysis by Georgia Tech economist Alfie Meek. Revenues are projected to grow incrementally over the five-year life of the one-percent sales tax, which voters approved in March 2015 to support capital improvement projects across the county, such as roadwork and building renovations.